Sports Parlay Calculator
Parlay Calculator Parlay betting – also known as parley or an accumulator, depending on where you call home – is one of the most popular options in sports betting. Our parlay calculator is the. Betting Calculator Before making any bet, it helps to know what you're risking for the expected payout. Enter Your 'Bet Amount' - that's what you're risking, along with the American, fractional or decimal odds. Parlay Calculator Our parlay calculator will combine up to 12 games and calculate your payout based on your bet amount and the odds for each game. Find out how much you'll win on any parlay. Betting Calculator Parlay Calculator.
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Introduction
In gambling terms, 'parlay' means to bet on at least two events, letting the winnings ride after each win. Usually you lose, but when you win, and depending in part on how many events were parlayed, you can win big.
To use this calculator, enter a bet amount and the odds on every leg of the parlay, up to 12 legs. For even money, put in 100 or -100. Do not enter anything other than numbers, including the dollar sign.
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The Parlay Calculator indicates how much money sports bettors can win if they placed a bet on a certain number of games. For example; if I were to place a $20 wager on 3-teams football parlay at -110 money line odds, my parlay payout would be $119.16.
Therefore, the parlay calculator will count the amount of picks you have chosen (3), times the amount of each money line (-110), times your wager ($20) and then show you how much you would win on that wager ($119.16).
Please notice, when putting in favorites, you need to add the minus sign in front of the number. Example: If the Boston Red Sox are a PK -150 favorite vs. the New York Yankees, enter '-150' in the box.
Same thing with NFL Football, if the New England Patriots are a -7 point favorite, enter (-110). If they are -220 on the money line, enter -220.
How much does it pay and how do you win a parlay?
Sports Betting Odds Calculator
In order for a parlay bet to win, every one of your wagers must win or push (tie). If any of the other selections on your ticket loses, your wager loses, regardless of the outcome on the other games. Also, if one or more selections are a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5-team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2-team parlay and one team wins and one tie; the wager becomes a straight single bet.
Try it out, simply put in the numbers and the parlay calculator will do the rest!
What is a Parlay?
Parlay Odds Table
What is a 'Parlay'? Two or more teams or totals can be combined to make one wager. Let's say you bet $100 on the Pirates +150 and the Pirates over 8 at -120 in a two team parlay. Use the following steps to determine your winnings or should we say potential winnings.
Calculate the parlay factor for each piece. If the price of the piece is positive, simply add one to get the factor. If the price of the piece is negative, calculate the reciprocal, multiply by -1, and then add one (1.50 + 1 = 2.50 -1.20). Take the reciprocal or divide one by the negative price (1/1.20 = 0.83 + 1 = 1.83).
Multiply all factors. Multiply this factor times the bet amount. The result is the payoff (including your bet): 2.50 x 1.83 = 4.57. Now multiply the result by 100 (4.57x100). $457 is your total return if both pieces win (including your bet amount).
Subtract your bet from the figure calculated in 2. The result is your winnings $357 ($457 - $100 = $357). Did you get that? Or, go to www.parlaycalculator.com and let the calculator take care of it for you!
Do you need parlay betting advice?
If you're a parlay type bettor that likes to bet the total and side of a game, here's a piece of advice.
If you bet on the Favorite, take the OVER. If you like the UNDERDOG, take the UNDER. The logic behind this theory is simple.
For example: when a team is favored by 7 points or more with an OVER of 44.5, all you need is for the underdog to get up ahead or stay in the game as long as they can. Because the favorite is more likely to catch up and put up some points on the board, the percentage is good to cover the over. As for the dog, if they can keep the favorite off the board, the percentage of the UNDER and dog covering is on your side.
Say what you want against parlay betting, I like it! Many experts will discourage their friends from betting on parlays, I'm the opposite. If you buy a lottery ticket, in my view you're buying into the parlay strategy.
Sportsbook managers tell me all the time, 90% of the players end up losing their entire deposit. Get the best casino bonuses that you can get, while shopping for an online casino or sportsbook.
Take that bonus money and take a shot at a 5-team or 8-team parlay to try and get that one big score, go for it!
Don't do it every day and don't wager the farm! Here's what I like to do, come NFL season, I make my 1 or 2 big wagers and then I go 'parlay tripping' with an 8-team to 10-teamer. Let's face it; if you can hit an 8-team or 10-teamer, you're going to cash a nice ticket. Just live within your means and bet what you can afford to lose.